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Saratoga Investment Corp. (SAR)

BDC - Debt Focused BDC

Data as of June 14, 2024
Market Price $23.00 (- $0.48)
NAV (Feb. 29, 2024) $27.12 ( $0.00)
Fund Listed NYSE
Premium / Discount -15.19% (-1.77%)
Fund Info
Inception March 23, 2007
Sponsor Saratoga Investment Advisors
Website www.saratogainvestment...
Phone 212-906-7800
Location New York
Incorporated Maryland
Staggered Board No
Term Date N/A
Objective: Attractive risk-adjusted returns by generating current income from its debt investments and capital appreciation from its equity investments in middle market companies.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 13,698,966
Total Assets (Reported: Feb. 29, 2024) $1,191M
Estimated Total Assets $1,116M
Net Assets $372M
Market Cap $315M
Portfolio Turnover 2.80%
Debt-to-Equity 1.6084
Total Leverage 66.71%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 27.27%
Non Lev Exp Ratio 13.27%
Gross Asset Expense Ratio 8.21%
Gross Asset Non Lev Exp Ratio 4.00%
Rel Lev Cost 6.32%
Discount Data
Average Discount (3 Yr) -9.71%
Discount Low(3 Yr) -27.98%
Discount High(3 Yr) 2.87%
Discount Rel Range (3 Yr) 41.46%
Comp Discount -14.68
Discount St Dev (1Yr) 4.22
Z-Stat (6mo) -0.55
Z-Stat (1Yr) -0.90
Z-Stat (3Yr) -0.87
Comp Z-Stat (6mo) -0.88
Comp Z-Stat (3Yr) -1.37
Distribution Data
Market Yield 12.87%
Income Yield 12.87%
Lev Adj NAV Yield 6.55%
Av Yield on Debt Investments 11.40
Distribution Frequency Q
Current Distribution $0.740
Current Income $0.740
Ex-Date 6/13/24
Payable Date 6/27/24
Div Growth (3yr) 68.18%
Dividend Change 1.4% on 5/23/24
Expected Div 8/27/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $1,537
Avg Volume 30 day 85,375
Avg Volume 90 day 66,819
Volume Trend 27.77%
Comp Volume Trend 19.87%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): FDUS 62.0%
Price St Dev (1Yr) 19.4%
NAV St Dev (1Yr) 3.8%
Earnings / Share (2/29/24) $0.936
Adj Core NII Coverage 126.53%
1 Yr Avg NII Coverage 156.31%
1 Yr Avg Adj Core NII Coverage 141.95%
NII Trend -17.49%
Adj Core NII Trend -8.53%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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